Friday, 30 November 2012 12:32

TAF underway, share price up

Written by Sudesh Kissun

font size decrease font size increase font size
Print
Email

Fonterra's TAF (trading among farmers) is underway.
And within minutes, the selling price of Fonterra share units rose 21% to $6.66.

Shareholder Philip van der Bijl rang a specially crafted bell to launch the share trading scheme at its new Darfield site at midday. About 100 farmers and Fonterra staff witnessed the launch.

Fonterra chairman John Wilson says it has taken time to launch TAF that will entrench 100% ownership and control.
"We have paced the introduction of changes that will give farmer shareholders more flexibility to maage their businesses and Fonterra shareholdings."

"We have taken our own time to reach this point in our history."

More like this

Fonterra Expands China Foodservice Business with New Anchor Essence Cream

Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.

Smith V Fonterra

OPINION: To a chorus of crying greenies, and not a minute too soon, the Government has moved to put the courts back in their place through proposed amendments to the Climate Change Response Act 2002, intending to limit climate litigation claims such as Smith v Fonterra, in the interests of providing greater certainty for vital industry.

Fonterra Opens 2026/27 Milk Price Forecast At $9.75kgMS

For the third season in a row, Fonterra farmers are in for a farmgate milk price near $10/kgMS.

Fonterra Lifts FY26 Earnings Forecast After Strong Q3 Performance

Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.

Fonterra Expands Organic Dairy Programme Into South Island

Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.

Featured

Joshua Irving Wins 2026 North Canterbury Young Viticulturist

Joshua Irving has been named the 2026 Ormond Nurseries North Canterbury Young Viticulturist of the Year.

NZ Veterinarians Support Responsible Use of Virtual Fencing Technology for Cattle

Vets say they support the responsible use of virtual fencing and virtual herding technology for cattle and wants to work with farmers, manufacturers and government to help shape standards for future use backed by ongoing research to strengthen animal welfare outcomes.

Kiwi Axemen Dominate World Stage as Jack Jordan Sets Record and Matthew Gower Claims First World Title

National and world records tumbled as top Kiwi axeman claimed two Stihl Timbersports world titles at the same event in Budapest, Hungary over the first weekend in June.

WorkSafe Safety Push Reveals Major Farm Safety Gaps Across New Zealand

A safety push across New Zealand has revealed significant gaps in hazardous substances management, farm vehicles, tractors, quad bikes and side-by-sides.

NZ Farmers’ Cautious Approach to Agri-Tech Offers a Blueprint for Business Success

New Zealand farmers have earned a global edge by consistently yet cautiously taking advantage of emerging agri-technology.

LIC Reports Record Six-Week In-Calf Rate for Dairy Herds

New season data from LIC shows a strong reproductive performance for the 2025-26 season, with a lift in key metrics compared to last season.

National

NZ-India FTA Opens New Opportunities for Strong Wool Trade

The recently signed free trade agreement with India is an invitation to strengthen relationships between the New Zealand and Indian…

New NZ Vegetable Council to Strengthen Growers' Voice

Strengthening the voice of vegetable growers on "big ticket items" will be the immediate focus of newly formed New Zealand…

Luxon Praises NZ Red Meat Industry's Global Success

Prime Minister Christopher Luxon says the red meat sector is doing an excellent job promoting our pasture-fed system around the…

EU Strengthens NZ Partnerships and Trade Presence at Fieldays

The European Union ramped up its presence at this year's Fieldays.

New Zealand Beekeepers Move Towards Single National Organisation

Moves are underway to create a single organisation to represent the country's beekeepers.

Machinery & Products

JCB Targets New Land Speed Record with Hydrogen-Powered Hydromax

While its best known as a manufacturer of construction and agricultural machinery, JCB holds a significant place in the record…

NZ Veterinarians Support Responsible Use of Virtual Fencing Technology for Cattle

Vets say they support the responsible use of virtual fencing and virtual herding technology for cattle and wants to work…

Kiwi Axemen Dominate World Stage as Jack Jordan Sets Record and Matthew Gower Claims First World Title

National and world records tumbled as top Kiwi axeman claimed two Stihl Timbersports world titles at the same event in…

WorkSafe Safety Push Reveals Major Farm Safety Gaps Across New Zealand

A safety push across New Zealand has revealed significant gaps in hazardous substances management, farm vehicles, tractors, quad bikes and…

The PostMate Wins Fieldays 2026 People's Choice Award

A farm shed solution to a long-standing safety problem has captured the public’s vote in the Fieldays Innovation Awards with…

» Latest Print Issues Online

Visit archives

» Connect with Rural News

RSS Facebook Twitter

TAF underway, share price up

More like this

Fonterra Expands China Foodservice Business with New Anchor Essence Cream

Smith V Fonterra

Fonterra Opens 2026/27 Milk Price Forecast At $9.75kgMS

Fonterra Lifts FY26 Earnings Forecast After Strong Q3 Performance

Fonterra Expands Organic Dairy Programme Into South Island

Popular Reads

Massey Ferguson Unveils New Tractors at Fieldays

Waikato Farmer Fined $56,000 Over Effluent Discharges

Federated Farmers Push to Cut Costly Vet Drug Waste on Dairy Farms

Mainland Poultry Confirms New Ownership as PEP Gateway Joins Navis

Hawke's Bay Needs Water, and the Numbers Prove It

Featured

Joshua Irving Wins 2026 North Canterbury Young Viticulturist

NZ Veterinarians Support Responsible Use of Virtual Fencing Technology for Cattle

Kiwi Axemen Dominate World Stage as Jack Jordan Sets Record and Matthew Gower Claims First World Title

WorkSafe Safety Push Reveals Major Farm Safety Gaps Across New Zealand

NZ Farmers’ Cautious Approach to Agri-Tech Offers a Blueprint for Business Success

LIC Reports Record Six-Week In-Calf Rate for Dairy Herds

National

NZ-India FTA Opens New Opportunities for Strong Wool Trade

New NZ Vegetable Council to Strengthen Growers' Voice

Luxon Praises NZ Red Meat Industry's Global Success

EU Strengthens NZ Partnerships and Trade Presence at Fieldays

New Zealand Beekeepers Move Towards Single National Organisation

Machinery & Products

JCB Targets New Land Speed Record with Hydrogen-Powered Hydromax

NZ Veterinarians Support Responsible Use of Virtual Fencing Technology for Cattle

Kiwi Axemen Dominate World Stage as Jack Jordan Sets Record and Matthew Gower Claims First World Title

WorkSafe Safety Push Reveals Major Farm Safety Gaps Across New Zealand

The PostMate Wins Fieldays 2026 People's Choice Award

» Latest Print Issues Online

The Hound

Great Idea!

No Choice

» Connect with Rural News

» eNewsletter